This is a downtrend continuation trade I'm eyeing over on the CADCHF pair. Although the ADX is declining, I think this is a small pause before we see momentum accelerate again. Price failed to reverse to the upside and I'm timing this entry as price breaks below new lows. TP: 75 pips (2x ADR) SL: 30 pips
Hello Traders, Hope you all are doing good!! I expect CADCHF to go up from the zone. The Up move is expected to be an Impulse, however if it turns out to be a correction another push down can come. Plan to Trade: Wait for market to give Buy setup at zone. Your follow and like will be a token of appreciation.
➡ Bearish breakout from Rectangle pattern ➡ Next targets: Support levels at 0.6152 and 0.6098 CAD/CHF has broken down from a rectangle formation, indicating a bearish trend. Keep an eye on the support levels at 0.6152 and 0.6098 for potential price reactions. This setup suggests further downside potential.
Hello, Friends! We are going long on the CAD/CHF with the target of 0.628 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Please, check our technical outlook for CADCHF. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 0.626. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.612 level. P.S Please,...
Hello Ladies and Gentlemen! I might have entered a tad early in this position, though it looks like it is forming a pullback. The position is currently in a loss and that is okay. Let´s see if it works out.
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of...
Pair Name : CAD/CHF Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— Bearish Break 0.62800 Area Reasons...
The CADCHF pair offered us an excellent sell signal last time we looked into it (July 02, see chart below) as trading within a Channel Down pattern, it was rejected on its 1D MA50 (blue trend-line) and hit our 0.63100 Target: The Channel Down priced its new Lower Low, even broke momentarily below its bottom aggressively, and now seems to have recovered. The...
CADCHF_2024-08-16_01-03-42_72725.png CADCHF is very weak on Daily & Weekly timeframes price is well below 200ema & 50ema so very bearish on longer t/f's although price is trying to jump from its very low lows yearly. Head n Shoulders setup to watch on 4hr t/f & is still about 1% further drop to neckline. May play out later this afternoon in New York...
Here Is our first +50 Pips From this trade , if we can stay below this Res For Today and tomorrow , the price will go down hard This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change...
Technical Confluences: - Price action is close to the 50% Fibo extension from the beginning of time - Price action is bouncing off a strong Demand Zone to prevent a new all-time low Fundamental Confluences: - Higher interest rate environment compared to CHF will induce re-opening of carry trade positioning - Canada being an oil commodity nation, will have the...
The Price At Very Important Res Area That Was A Great Support For This Pair For Long Time So I Think It Will Push The Price To DOWNSIDE Very Hard In The Next Few Days If We Can Close Below It Today And Tomorrow . This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As...
✅CAD_CHF price grew again To retest the resistance of 0.6327 But it is a strong key level So I think that there is a high chance That we will see a bearish move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Take a look at our analysis for CADCHF. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 0.631. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way...
CAD/CHF is rising towards the pivot which has been identified as a pullback resistance and could reverse to the pullback support. Pivot: 0.63648 1st Support: 0.62457 1st Resistance: 0.64492 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may...
Hello,Traders! CAD-CHF keeps growing But the pair is locally Oversold so after it hits The horizontal resistance Of 0.6354 we will be Expecting a local Bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello,Traders! CAD-CHF made a swift Bullish recovery from the Lows but the pair is now Retesting a horizontal Resistance level of 0.6325 Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!